China Sunsine Chemicals Holdings

[tiongkokgor]

From today's Business Times article by Marissa Lee

"But Jennie Liu, spokesperson for China Sunsine Chemical Holdings, which sells rubber accelerators to tyre makers, told BT: "We don't see any material impact on our sales from the new tariffs. China Sunsine's direct exports to the US market were about 5 per cent in 2017; in the first half of 2018, they dropped to 2 per cent. Global demand for rubber accelerators will rise in tandem with growing car population."

She added that many Chinese tyre makers have set up factories in South-east Asia, after the US imposed anti-dumping and countervailing taxes on passenger and light-truck tires in 2014."

[tiongkokgor]

Yanggu Huatai, one of Sunsine's biggest competitors, announced on 29 Dec that they are postponing their production expansion plan mainly because of many issues faced during execution.

本次募集资金投资项目在前期虽经过充分的可行性论证，但实际执行过程中受到多方面因素影响，无法在计划时间内达到预定可使用状态。

29 Dec 2018 announcement: http://vip.stock.finance.sina.com.cn/cor...id=4964934

Yanggu Huatai had planned to produce insoluble sulphur and; rubber accelerators MBT and TBBS.

2017年5月,公司公告拟通过配股方式募资7.5亿元,其中约3.1亿元用于建设高性能橡胶助剂生产项目,其余用于补充流动资金。高性能橡胶助剂生产项目中包括一期1万吨不溶性硫磺(建设周期10个月)、二期1万吨不溶性硫磺(建设周期12个月)以及三期1.5万吨促进剂M和1万吨促进剂NS(建设周期12个月)。新产能具有生产工艺清洁、产品纯度高、生产成本更低等优势。促进剂M生产采用清洁生产工艺,产品纯度高,不仅环保优势明显,而且成本同传统工艺相比可降低10%。促进剂NS工艺中,采用氧气氧化合成促进剂NS清洁工艺可节约成本1,600~1,700元/吨,可有效增强公司产品市场竞争力,同时带来良好的经济效益和环境效益。

Sunsine currently produces these products. Maybe Sunsine can fill the void.

[cyclone]

The Proposed Shares Split of Every One (1) Ordinary Share into Two (2) Ordinary Shares

China Sunsine Chemical Holdings Ltd. announced that the Company is proposing a share split of every one (1) existing ordinary share in the capital of the Company held by shareholders of the Company into two (2) Shares.

As at the date of this announcement, the Company has an issued and paid-up share capital of S$65,192,360.00, comprising 491,694,000 Shares (including 3,469,300 treasury shares).

Upon completion of the Proposed Share Split, assuming there is no change in the number of issued Shares from the date of this announcement up to the completion of the Proposed Share Split, an additional 491,694,000 Shares will be allotted and issued, and the Company will have an issued and paid-up share capital of S$65,192,360.00 comprising 983,388,000 Shares (including 6,938,600 treasury shares).

More details in https://links.sgx.com/FileOpen/20190920%...eID=579090